Cryogenic Pump Global Market Report 2026

The cryogenic pump is a vacuum pump designed to capture gases and vapors by causing them to condensate on a cold surface. These pumps play a crucial role in various operations involving pure and mixed industrial gases. Cryogenic pumps are utilized for handling, transporting, and transferring cryogenic fluids.

There are two main types of cryogenic pumps such as positive displacement pumps and centrifugal pumps. Positive displacement pumps mechanically displace liquid by repeatedly enclosing a fixed volume and moving it cyclically through the system. Cryogenic pumps handle gases such as nitrogen, oxygen, argon, liquefied natural gas, and others. They can be oriented horizontally or vertically. End-users include the oil and gas industry, metallurgy, power generation, chemicals and petrochemicals, marine applications, and other industries.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are affecting the cryogenic pump market by increasing costs of imported pump casings, impellers, cryogenic seals, motors, and precision-engineered components used for ultra-low-temperature operations. Oil and gas, power generation, and industrial gas sectors in North America, Europe, and Asia-Pacific are most impacted due to globalized supply chains and reliance on specialized imports. These tariffs are raising equipment costs and influencing project economics for LNG and industrial gas facilities. At the same time, they are promoting localized manufacturing, supplier diversification, and innovation in robust cryogenic pump technologies.

The cryogenic pumps market research report is one of a series of new reports from The Business Research Company that provides cryogenic pumps market statistics, including cryogenic pumps industry global market size, regional shares, competitors with a cryogenic pumps market share, detailed cryogenic pumps market segments, market trends and opportunities, and any further data you may need to thrive in the cryogenic pumps industry. This cryogenic pump market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cryogenic pump market size has grown strongly in recent years. It will grow from $2.5 billion in 2025 to $2.65 billion in 2026 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to expansion of industrial gas production, growth in lng transportation and storage, increasing use in power generation, availability of advanced cryogenic pump technologies, rising investments in energy infrastructure.

The cryogenic pump market size is expected to see strong growth in the next few years. It will grow to $3.33 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing adoption of clean energy fuels, expansion of hydrogen and lng projects, rising demand for efficient cryogenic transfer systems, growth in industrial gas applications, focus on emissions reduction. Major trends in the forecast period include increasing demand for lng cryogenic pumps, rising use in industrial gas handling, expansion of cryogenic infrastructure, growing focus on safety and reliability, enhanced pump efficiency designs.

The rising demand for liquefied natural gas (LNG) is expected to drive the growth of the cryogenic pump market. LNG is natural gas cooled to extremely low temperatures to convert it from a gaseous to a liquid state, and it plays a critical role in the operation of cryogenic pumps. Cryogenic pumps are specifically engineered to handle and transport liquefied gases at very low temperatures, making them ideal for the transfer and storage of LNG. For example, in July 2024, the U.S. Energy Information Administration, a US-based federal statistical agency, reported that LNG trade grew by 3.1% in 2023, reaching an average of 52.9 billion cubic feet per day (Bcf/d), an increase of 1.6 Bcf/d compared to 2022. Therefore, the increasing demand for LNG is expected to propel the growth of the cryogenic pump market.

Major companies operating in the cryogenic pump market are concentrating on the development of advanced solutions, such as high-efficiency cryogenic pump systems, to enhance operational performance, lower energy consumption, and address the increasing demand for hydrogen and LNG applications. Advanced cryogenic pump technologies refer to engineered pumping systems designed to manage ultra-low-temperature liquids with improved sealing mechanisms, greater durability, and optimized power usage to support the expanding clean energy and industrial sectors. For example, in January 2023, Nikkiso Cryo Pump Series, a Dubai- and UK-based provider of cryogenic pumping solutions, introduced a new addition to Nikkiso's cryogenic pump lineup. These newly launched models are specifically designed to provide higher efficiency and improved performance in hydrogen and LNG operations, incorporating upgraded sealing technology and reduced energy consumption.

In July 2024, Flowserve Corporation, a US-based company that specializes in manufacturing flow control systems and aftermarket services, acquired the technology of NexGen Cryo for an undisclosed amount. This acquisition aims to enhance Flowserve's LNG product portfolio, strengthen its decarbonization offerings throughout the LNG value chain, and leverage NexGen Cryo's advanced pump technology to improve efficiency and reliability for LNG customers. NexGen Cryo's technology is an Arizona-based innovation focused on the engineering, design, and testing of cryogenic liquefied natural gas (LNG) submerged pumps and turbines.

Major companies operating in the cryogenic pump market are Ebara Corporation, Nikkiso Co. Ltd., Sumitomo Heavy Industries Ltd., Barber-Nichols, CryoVation LLC, KRYTEM Cryogenic Systems, Vanzetti Engineering S.p.A., Xinxiang Chengde Energy Technology Equipment Co. Ltd., Cryostar SAS, Chart Industries Inc., Cryoquip LLC, INOXCVA, Hydro-Pac Inc., Acme Cryogenics, Surrey Pumps Ltd., HSME Corp., Hangzhou Chuankong General Equipment Co. Ltd., Taylor-Wharton International LLC, ACD LLC, Flowserve Corporation

Asia-Pacific was the largest region in the cryogenic pump market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cryogenic pump market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the cryogenic pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cryogenic pump market consists of sales of centrifugal cryo pump, piston or reciprocating cryogenic pumps, and submerged pumps. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Cryogenic Pump Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses cryogenic pump market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for cryogenic pump ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The cryogenic pump market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Positive Displacement Pump; Centrifugal Pump
• 2) By Cryogen Type: Nitrogen; Oxygen; Argon; Liquefied Natural Gas; Other Cryogen Type
• 3) By Orientation: Horizontal; Vertical
• 4) By End-User: Oil And Gas; Metallurgy; Power Generation; Chemical And Petro Chemical; Marine; Other End-Users
• Subsegments:
• 1) By Positive Displacement Pump: Reciprocating Pumps; Rotary Pumps; Diaphragm Pumps
• 2) By Centrifugal Pump: Horizontal Centrifugal Pumps; Vertical Centrifugal Pumps; Multistage Centrifugal Pumps
• Companies Mentioned: Ebara Corporation; Nikkiso Co. Ltd.; Sumitomo Heavy Industries Ltd.; Barber-Nichols; CryoVation LLC; KRYTEM Cryogenic Systems; Vanzetti Engineering S.p.A.; Xinxiang Chengde Energy Technology Equipment Co. Ltd.; Cryostar SAS; Chart Industries Inc.; Cryoquip LLC; INOXCVA; Hydro-Pac Inc.; Acme Cryogenics; Surrey Pumps Ltd.; HSME Corp.; Hangzhou Chuankong General Equipment Co. Ltd.; Taylor-Wharton International LLC; ACD LLC; Flowserve Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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